Baird Lifts L3Harris (LHX) Price Target on Confidence in Long-Term Strategy and Execution

L3Harris Technologies, Inc. (NYSE:LHX) is included among the 13 Best Long-Term Dividend Stocks to Invest in Right Now.

On February 26, Baird raised its price target on L3Harris Technologies, Inc. (NYSE:LHX) to $420 from $385. It reiterated an Outperform rating on the stock. The firm updated its model after the company’s investor day, where management introduced 2028 targets that came in above Street expectations. This reinforced confidence in the company’s longer-term growth outlook.

During the Q4 2025 earnings call, CEO Christopher Kubasik pointed to the company’s record backlog and steady demand trends. He said these factors give the company a strong foundation for continued growth. The size of the order backlog, in his view, reflects consistent customer demand and offers clear visibility into future revenue.

Kubasik also discussed the company’s decision to sell a 60% stake in its civil Space Propulsion and Power business to AE Industrial Partners. He explained that this step allows L3Harris to focus more directly on its core priorities, especially supporting the Department of War and its allied partners. He also highlighted recent changes to the company’s structure. L3Harris reduced its reporting segments from four to three, aiming to improve operational alignment and efficiency. This move is expected to simplify operations and sharpen focus across its main business areas.

Kubasik added that the company plans to pursue an initial public offering of its Missile Solutions business in the second half of 2026. He noted that the Department of War will act as the anchor investor. This is expected to help establish a majority-owned public company with projected revenue of more than $4 billion and sustainable double-digit growth.

L3Harris Technologies, Inc. (NYSE:LHX) provides advanced technology solutions across space, air, land, sea, and cyber domains, supporting national security missions.

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